Traynor Capital Management Inc. Purchases 38,379 Shares of Uber Technologies, Inc. (NYSE:UBER)

Traynor Capital Management Inc. boosted its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 36.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 142,320 shares of the ride-sharing company’s stock after purchasing an additional 38,379 shares during the period. Uber Technologies comprises 0.6% of Traynor Capital Management Inc.’s holdings, making the stock its 22nd largest position. Traynor Capital Management Inc.’s holdings in Uber Technologies were worth $10,697,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Aptus Capital Advisors LLC grew its holdings in shares of Uber Technologies by 17.1% in the 2nd quarter. Aptus Capital Advisors LLC now owns 9,468 shares of the ride-sharing company’s stock valued at $688,000 after acquiring an additional 1,383 shares in the last quarter. Samlyn Capital LLC bought a new position in shares of Uber Technologies in the 2nd quarter valued at about $134,987,000. Lederer & Associates Investment Counsel CA bought a new position in shares of Uber Technologies in the 3rd quarter valued at about $799,000. Brookstone Capital Management grew its holdings in shares of Uber Technologies by 19.0% in the 2nd quarter. Brookstone Capital Management now owns 161,494 shares of the ride-sharing company’s stock valued at $11,082,000 after acquiring an additional 25,814 shares in the last quarter. Finally, BOCHK Asset Management Ltd grew its holdings in shares of Uber Technologies by 1,558.3% in the 3rd quarter. BOCHK Asset Management Ltd now owns 49,750 shares of the ride-sharing company’s stock valued at $3,739,000 after acquiring an additional 46,750 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Trading Up 0.1 %

Shares of UBER opened at $77.70 on Tuesday. Uber Technologies, Inc. has a 52-week low of $42.01 and a 52-week high of $87.00. The business’s fifty day moving average is $75.17 and its 200-day moving average is $70.78. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market cap of $163.24 billion, a price-to-earnings ratio of 85.38, a PEG ratio of 1.33 and a beta of 1.33.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.16. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The company had revenue of $10.70 billion for the quarter, compared to analyst estimates of $10.57 billion. During the same quarter last year, the company posted $0.18 EPS. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. Equities analysts anticipate that Uber Technologies, Inc. will post 1.1 EPS for the current fiscal year.

Insider Activity

In other news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.00, for a total value of $2,880,000.00. Following the transaction, the insider now owns 127,352 shares in the company, valued at approximately $9,169,344. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.80% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on UBER shares. Loop Capital raised their price objective on Uber Technologies from $83.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Royal Bank of Canada restated an “outperform” rating and issued a $80.00 price objective on shares of Uber Technologies in a report on Friday. The Goldman Sachs Group lifted their price target on Uber Technologies from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. UBS Group upped their price objective on Uber Technologies from $102.00 to $114.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Finally, Truist Financial raised their price objective on Uber Technologies from $88.00 to $99.00 and gave the company a “buy” rating in a research report on Monday, October 7th. Seven equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $88.86.

Uber Technologies Profile

Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia excluding China and Southeast Asia. It operates through three segments: Mobility, Delivery, and Freight. The Mobility segment connects consumers with a range of transportation modalities, such as ridesharing, carsharing, micromobility, rentals, public transit, taxis, and other modalities; and offers riders in a variety of vehicle types, as well as financial partnerships products and advertising services.